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IWETHEY Home / IWETHEY Board / Money, Financials, and Economics Forum / Dow below 8000
Post #77,229
by boxley
1/27/03 12:15:15 PM
Reply
New Dow below 8000
[link|http://finance.yahoo.com/q?d=t&s=^DJI|http://finance.yahoo.com/q?d=t&s=^DJI]
Last Trade
12:15pm \ufffd 7,970.85Change
-160.16 (-1.97%)

on our way to 6200 I guess.
thanx,
bill
will work for cash and other incentives [link|http://home.tampabay.rr.com/boxley/resume/Resume.html|skill set]

"The Mafia was preferable to the state, because it survived by providing services people actually wanted"
Murray Rothbard
Post #77,239
by bepatient
Picture of bepatient
1/27/03 12:41:56 PM
Reply
New Still have to go down...
...to hit my prediction of 7500. (independently verifiable by co-workers)

I'm not [link|http://www.pimco.com/ca/bonds_commentary_investment_outlook_0902.htm|as pessimistic] as some others...but Dow 7500 puts the market back on its historical earnings track.

There's every reason now for the market to turn around, earnings announcements have come in favorable, the glam associated with the dot-coms is gone...fundamentals are sound...

Problem now is solely Bush and the war-chant. If he wants the market to come back he now has to either s**t or get off the pot.
You were born...and so you're free...so Happy Birthday! Laurie Anderson

[link|mailto:bepatient@aol.com|BePatient]
Post #77,245
by folkert
Picture of folkert
1/27/03 1:02:25 PM
Reply
New I have been betting on...
7500 - 7800 before the correction factor finally becomes satisfied. I bet that before it topped 11000, unverifiable but still I believe it...

I look at the railroad and look at what is being transported... that is ALL long term... not the JIT type of stuff trucks ship. I see raw materials, recycleables and things like large amounts of lumber, steel, metals, ammonia, sulfuric-acid, pot-ash...etc... the refined manufacturing materials (or raw materials for MAKING things).

If that isn't a sign things are starting to com back, here is another... for December the number of IT ads in the Paper where numbered at 15 or so... Yesterday, there was ~25. Plus I know of quite a few that aren't even published...

Matter of fact the whole Want-Ads section had FAR more Wanteds than there have been recently. Either something is getting better *OR* somehting is getting worse... dunno for sure but I'd say the former rather than the latter.
[link|mailto:curley95@attbi.com|greg] - Grand-Master Artist in IT
[link|http://www.iwethey.org/ed_curry/|REMEMBER ED CURRY!]   [link|http://pascal.rockford.com:8888/SSK@kQMsmc74S0Tw3KHQiRQmDem0gAIPAgM/edcurry/1//|ED'S GHOST SPEAKS!]
Heimatland Geheime Staatspolizei reminds:
These [link|http://www.whitehouse.gov/pcipb/cyberstrategy-draft.html|Civilian General Orders], please memorize them.
"Questions" will be asked at safety checkpoints.
Post #77,248
by Another Scott
1/27/03 1:16:11 PM
Reply
New As a contrary indicator, expect interest rates to drop.
I just locked in a refinance on my house today....

I don't honestly expect that to happen based on recent history:

15 Year Mortgage Rates (from Bloomberg):

[image|http://www.bloomberg.com/graphs/15YearKeyRate.gif|0|15 year rate|200|300]


but I'm often a contrary indicator on financial matters. :-/ It's hard to see rates dropping though if/when military action with Iraq starts.

Cheers,
Scott.
Post #77,255
by bepatient
Picture of bepatient
1/27/03 2:04:32 PM
Reply
New nah...you did fine
they're not going any lower.
You were born...and so you're free...so Happy Birthday! Laurie Anderson
\r\n[link|mailto:bepatient@aol.com|BePatient]
Post #77,472
by Yendor
1/28/03 1:43:03 AM
Reply
New Hmmm...
I might need to think about doing that again. I just re-fied a year ago (Jan '02.) I break-even on that in Feb. '03 (cost of fees vs. money being saved.) It was required that I do it then (divorce'll do that to ya.) Now I might want to think about it for longer-term rates. Original mortgage was a 30-yr fixed at 7.875%. New mortgage (as of Jan '02) is 7-year balloon at 6.50%. Wonder if I can get that low enough (hopefully on a 30-yr fixed) to make it worthwhile...
-YendorMike

[link|http://www.hope-ride.org/|http://www.hope-ride.org/]
Post #77,526
by lincoln
1/28/03 9:43:59 AM
Reply
New Radio advertisment/advisor yesterday said
Here in Houston we have "Business Radio 650", which has a mortgage rate update daily at around 5:20 PM by David Zhugeri (spelling?), VP at First Houston Mortgage. He said that his 7 year ballon rate was 4 5/8% at the close of the market yesterday. Didn't mention anything about points or fees. His 30 year fixed was 5 7/8%, his 15 year fixed was 5 1/4%.

His website is useless though. You can't get any information from them without sending them an email - no rate postings or anything like that.
lincoln
"Four score and seven years ago, I had a better sig"
Post #77,582
by admin
Picture of admin
1/28/03 1:43:47 PM
Reply
New 5 7/8? wow...
My 30-year is at 6.5% fixed right now, from last October or so.
Regards,

-scott anderson

"Welcome to Rivendell, Mr. Anderson..."
     Dow below 8000 - (boxley) - (7) - Jan. 27, 2003, 12:15:15 PM EST
         Still have to go down... - (bepatient) - (6) - Jan. 27, 2003, 12:41:56 PM EST
             I have been betting on... - (folkert) - (5) - Jan. 27, 2003, 01:02:25 PM EST
                 As a contrary indicator, expect interest rates to drop. - (Another Scott) - (4) - Jan. 27, 2003, 01:16:11 PM EST
                     nah...you did fine - (bepatient) - Jan. 27, 2003, 02:04:32 PM EST
                     Hmmm... - (Yendor) - (2) - Jan. 28, 2003, 01:43:03 AM EST
                         Radio advertisment/advisor yesterday said - (lincoln) - (1) - Jan. 28, 2003, 09:43:59 AM EST
                             5 7/8? wow... - (admin) - Jan. 28, 2003, 01:43:47 PM EST

A base libel on toxic waste dumps everywhere.
40 ms